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Where are stocks headed post-October rally?

A trader works on the floor of the New York Stock Exchange.
Timothy A. Clary | AFP | Getty Images
A trader works on the floor of the New York Stock Exchange.

Global stocks in October logged their biggest monthly rise in years, bouncing back after China-related jitters rocked equity markets around the world over the summer.

Also helping sentiment was the possibility of the European Central Bank (ECB) introducing further easing measures before the end of 2015, if ECB President Mario Draghi's post-meeting statement on October 22 is anything to go by.

Major U.S. equity averages logged their best month since October 2011. The tech-heavy Nasdaq Composite rose nearly 9.4 percent for the month, while the blue-chip Dow and S&P 500 each ended the same period more than 8 percent higher.

The pan-European STOXX 600 climbed 8 percent in October, raking up its best percentage gain since July 2009. The FTSEurofirst 300 Index also outperformed, up around 8.1 percent in October, also the largest monthly percentage gain in six years.

In Asia, major share markets saw their best month since May 2009, with the MSCI Asia Pacific Index up 8.6 percent in October.

China's Shanghai Composite index advanced 7.1 percent last month as Beijing took measures to end a multi-month rout in its stock market and policymakers introduced stimulus to boost economic growth. Meanwhile, Japan's benchmark Nikkei 225 gained 9.2 percent last month, posting its best monthly performance since November 2013.

After a strong rally in October, where do you think global stocks will go from here?

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